- One of the more unique aspects of Apple stock has been the company’s historically low price-to-earnings, or P/E, ratio compared with its megacap tech peers.
- The P/E ratio has long been a key metric used on Wall Street to determine whether a stock is fairly valued.
- Apple’s P/E ratio steadily climbed this year alongside its stock price.
Apple stock closed out a year of explosive growth on Tuesday, and another key metric reached a historic high, too.
Apple’s trailing price-to-earnings, or P/E, ratio steadily climbed this year alongside its stock price. Apple began the year with a trailing P/E ratio just over 13, according to FactSet, below its five-year average of 16.2, before finishing 2019 at 24.7, its highest point since 2010.
www.cnbc.com/2019/12/31/apple-pe-ratio-is-at-historic-high-following-an-explosive-year.html
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